St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-09-21
THE. COMMERCIAL RECORD
The Wheat Market on the Chicago
Board Was Characterized by
Dizziness.
There Was Little Squirt in the After
noon Which Did Not Last
Long.
Transactions in the Financial Circles
of Wall Street.-The General
Quotations.
special to the Globe.


opened excited with an active demand for ribs
which started off strong at $50 for October,
7I2c higher than yesterdays close. The
price went Immediately to 1856. The first
sales of October wheat were at 6Ss4c, and
December 71ssc, and then at 71l2c, with
May quoted at 76S4c May corn began at
44i2c and October at 41@41l2c. The corn
market did not act as strong as sanquine
bulls had anticipated Public cables did not
reflect any change in the markets
abroad. Present advices were more
bearish in tenor. The Liverpool stocks
of California wheat are again
pressing for sale. The bargain hunters
bought wheat at bankrupt sale, but do not
seeany encouragement to hold for an adj
vance and want TO get rid of their grain. The
local market was dull to-day. Wheat 1uc
tuated within sSc range. Cudahy and his
following sold early, but not recklessly, and
the outside bought cautiously. October
wheat opened at 6Ss4c, sold as high as 69c
and as low as 6Sssc. December, the most
active option, ranged from 71$sc at the open
ing up TO 7112@71ssc and back TO 71A@
71ssc. The range for May was AZ
04654c. Toward the close wheat became
firm and commanded better price Octo-
Der sold up TO 6Sls@ 6SAc, and December to
7lssc. Closing quotations were at the ex-
= treme outside. The last half hour was the
liyeliest period of the session. Corn ruled
firm and higher from the outset. Some of
the local operators of high degree attempted
to sell the market down at the beginning but
soon dessted from the undertaking. They
found the
TEMPER OF THE MARKET
unfavorable to operations on the short side
of the deal. Receipts are not excessive, and
they promise to shrink, the estimated arrivals
for tomorrow being only 430 ears. AS COM
pared with yesterday, the advance was only
about I2c, but the demand was general. and
extended over the whole range of
cash and futures. The o'clock
quotations were the best of the
day. October ranged 41@414sc, and closed
at 4lasc. November ranged at 41as@41ssc.
and closed at 41ssc. May ranged at 44I2@l45c,
and closed at 447s@45. The volume of
trade, while not large, was satisfactory. Oats
were fairly active, with small change in
price. The same old power appears to be
under October ribs. and the price advanced
to SS.57l2, later receding to $3.50, and clos
ing at IS 52I2. Lard was weak, and there
was strong pressure on January and later
deliveries, the offerings of all classes OF pro-
duce being liberal. Spectators were offer
the afternoon session wheat lost half of the
advance of the morning, and corn was frac-
tionally lower than at l D. m. Wheat-Sep-
TENDER 6Sssc, October 69c. December 71ssc,
May T7Is@77Ac. Corn-September 41asc,
October 41l2c, May 447sc. Oats, 25Ac Sep
TENDER and October, 29ssc May Pork,
S12.27l2 January, S12 year. Lard, $3.50
6.37l2 September and October, December
S6.35, January S6.40. Spare ribs, $3.50 Sep
TENDER and October. Sc. 25@6. 27l2 January.
THE ROUTINE REPORT
CHICAGO, Sept. 20.-Dullness again char
actcrlZed the wheat market to-day and prices
held steady within yesterdays range until
near the close, when trade showed some i'm
prevement. The fact that certain traders
who usually lead are just now OH the bear
side and think, inSiew of the foreign situa-
ton there is no hope for wheat holders is
being trumpeted daily and those who would
buy are kept in timid state of mind. The
frmness toward the close was attributed to
some desire on the part of the shorts to
tinue free, aggregating $4,000 bu at
IL points, while the shipments from the same
were 353, 600 Blu. The exports from three
seaboard ports were reported as being 49,
clined to 6S1sc, reacted to 691s@69Ac and
closed at CSC. Corn offered little off, but
showed enough firmness during the morning
to advance prices about lac. The quiet con-
tiHueQ uulll Tie > puTt III wheat JUST before i
p; M, when the bulls in the corn pits took
charge and added another 4c to the price of
October and May. This left corn I2c better
than yesterdays close, but at the afternoon
session there was slight reaction. October
opened at 41c, went to 414sc and closed at
41l2c; The leading futures opened at 44Iac,
sold fractionally lower, touched 45c and left
off at 33leQ447sc. Oats were dull
until until late 1.-THE in the session when the
better feeling and 1s@Ac advance At the
afternoon session slightly easier tone ex-
listed, the better prices being shaded. May
opened at 29s4c, went to SOC and closed
ceipts of hogs and higher prices therefor.
provisions opened strong and prices ruled
higher. Offerings were moderate, while the
demand was sufficiently urgent to cause an
advance OF Tl2@1Oc. After this inquiry was
provided for the market ruled quiet with a
little more inclination to sell, resulting in an
easier feeling and lower prices. The con
cludlng prices were not materially changed
from yesterdays close. October lard sold at
S6.35@64O, and short ribs at SIS. 5O@s. 571s
Pork ranged for January at SI2 25MI2. 32i5
lard at S6.4O@6.42l2. and short ribs at Sc. IS
@6.32l2. This month closed S12 80 for
pork, So. 37l2@6.4O for lard, and 1925 for
short ribs.
THE QUOTATIONS.
inc leading futures ranged as follows:
Wheat-No. 2 September, 6734c, closing at
0sssc; october, 6ss4c, closing at CSC; No
Use, closing at 71s4c. Corn-No. 2 Sep,
TENDER, 41c, closing at 4Issc; October,
dc, closing at 41lac; November, 41Isc,
closing at 41ssc; May, 44Isc. closing at 44s4c.
Oats-No. September, 254c, closing at
25Ac; October, 2314c. closing at 25Ac; No
vember, 25s4c, closing at 25s4c; May, 29s4c.
closing at 297sc.- Mess pork, per bbl-Year,
$l2: January, S12.37l2, closing at S12 80.
Lard, per 100 lbs-September, So 37Ia, clos
ing at So. October, S6.37l9, closing al
$3.50; November, $685., closing at ST. 80:
January, $40, closing at Sc 40. Short ribs
per 100 lbs-September $3.50, closing at
$500; October. $3.50, closing at So. SO:
January, S6.32l2, closing at S6.25
Cash quotations were as follows: Flour dull
and unchanged; wheat-No. spring. 6S11c:
mob spring, Ode; No. 2 red, 7OH@7Oyac.
Corn-NO. 2, 41I2c; Oats-No 9, 25c. RIVE
No. 2, 47c; Barley-No. 2, rec; flax seed
No. i, 81. 0412; timothy seed-prime, 80. 25:
mess pork-per Dbl, S15@15. %; lard-per
hundred lbs, S637I2@6. 40; short ribs
sides Qoose), $S5O@S. SPY: shoulders~drv
sailed lboxedDS5. 25@5. 80; sides-short clear
(boxed), Ss.7O@s So: whisky-distillers'
finished fms ID goods, per gal. s1.lo; sugar-cut
loaf, &c; granulated, 6ssc asked; stand
ard ard A, t6ls@6H eoo Reeeipts-foIr $4,000
oats, 255, 600 bu; rye, 1000 bu: barley.
$4,000 bu; shipments-four, II, 900 bbls;
wheat $4,000 blu; corn, 26l, 900 bu; oats.
$4,000 bu; rye, 1000 blu; barley, $4,000
bu. On the produce exchange to-day, the
butter market was steady, medium grades
being in excessive supply; creamery, ia